Battery leasing is emerging as a viable strategy to reduce upfront electric vehicle (EV) costs, improve battery lifecycle management, and accelerate EV adoption. This study investigates the factors influencing consumers’ intention to adopt battery leasing schemes using Structural Equation Modelling (SEM). Primary data were collected for the SEM analysis that perceived usefulness and cost-benefit perception significantly influence adoption intention, while environmental concern and subjective norms exert indirect effects through attitude formation. The findings underscore the importance of designing battery leasing offerings that communicate economic and environmental value to enhance user acceptance. This study provides theoretical insights into EV battery business models and practical implications for policymakers and firms aiming to foster sustainable mobility transitions.
Modelling The Behaviour of Battery Leasing Adoption in Indian Market
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